Bon Secours Mercy Health in Late-Stage Talks to Buy Surgery Partners at $6 Billion Valuation

Bon Secours Mercy Health is in late-stage talks to acquire a majority stake in Surgery Partners, the Bain Capital-backed surgical care provider, at a price of roughly $20 per share and a total deal value of approximately $6 billion, according to a Financial Times report published October 25.

The deal, if completed, would mark one of the largest recent acquisitions by a not-for-profit hospital system and continues a broader trend of nonprofit healthcare providers pursuing large-scale consolidation in the outpatient and surgical care sector. Bain Capital currently holds a significant stake in Surgery Partners, which operates a network of surgical facilities across the United States.